February 2 2015  The receiver of Ross Asset Management is “reluctant” to put a number on the millions of dollars it is seeking to claw back from former investors.  But the figure is “certainly” more than the previously reported $25 million, and could potentially result in a “substantial” sum. Read More

January 21 2015  Opinion:  It is about time New Zealand law caught up with the slippery nature – and beneficiaries – of ponzi crimes.  Read More

January 16 2015   The value of a parcel of shares being sold for the benefit of fraudster David Ross’s victims has decreased by more than 70 per cent, with investors now only likely to receive about $50,000. Read More

Jan 5, 2015 Commerce Minister Paul Goldsmith has rejected a request from David Ross’ burned investors to look into the country’s claw-back regime as the first court case looms against those paid out by the fraudster. Read More

January 6 2015 – Those fleeced of about $115 million by Ross Asset Management may get a bigger payout than anticipated as receivers use two pieces of legislation to try to claw back millions of dollars from former investors.  Read More

December 12 2014

An independent barrister has found David Ross’s $220,000 legal bill “reasonable”, after receivers had queried the figure.

The investigation and prosecution of Ross cost taxpayers about $100,000 in legal fees, not including “significant” staff time, at the Serious Fraud Office and Financial Markets Authority.  The SFO had spent about $15,000 on external legal fees from August last year, while FMA’s bill had reached $84,000 since October, 2012. Read More

5:00 AM Monday Nov 24, 2014

Market watchdog turns down only one applicant in two years since Ross debacle.  Read More